Commentary As President Donald Trump announced this week that he was going forward with a more than 100 percent tariff on China and a 10 percent tariff on the rest of the world, pending a 90-day negotiation period, the world and financial markets seemed to breathe a sigh of relief. Common belief holds that any
U.S. stocks jumped in another manic day on Wall Street, but the falling value of the U.S. dollar and other swings in financial markets suggest worries about President Donald Trump’s trade war remain high. The S&P 500 rose 1.8 percent Friday after veering between gains and losses, closing a historic week full of monstrous swings.
The bank kicked off the new U.S. corporate earnings reporting season with solid first-quarter results. News Analysis JPMorgan Chase & Co. started the earnings reporting season with solid first-quarter results, led by soaring trading, investment banking, and wealth management income. However, some weaknesses in traditional consumer and community banking moderated the overall gains. On April
The benchmark 10-year Treasury yield heads toward 4.5 percent. Yields in the U.S. Treasury market, a critical place for investors seeking shelter from turmoil and the government to raise money, have been heating up. The benchmark 10-year Treasury yield shot up to around 4.5 percent during the trading session on April 11, a sharp reversal
The products were distributed across seven states, including New York, Vermont, and Pennsylvania. Vermont-based Agri-Mark Inc. is pulling out thousands of pounds of butter from the market, citing bacterial contamination, according to the Food and Drug Administration (FDA). The recall is applicable to 189 cases of “Cabot Creamery 8 oz. Extra Creamy Premium Butter” totaling
On Friday, Tesla’s website in China removed the ‘order’ button from the Model S sedan and Model X sport utility vehicle. Electric vehicle-maker Tesla no longer takes orders in China for two car models manufactured in the United States. On Friday, Tesla’s website in China removed the “order” button from the Model S sedan and
The Trump administration is prioritizing oil production, with the Maritime Administration approving a deepwater port that can export 2 million barrels daily. Exports of American crude oil surged last year to a new high, with Europe remaining a major customer for the United States, according to the latest data from the Energy Information Administration (EIA).
Consumer sentiment sank in April as inflation fears hit a 44-year high and recession signals spread across key indicators. Optimism among U.S. consumers declined further in April, according to the latest University of Michigan sentiment survey, which showed inflation fears rising to their highest level in more than four decades. The University of Michigan’s preliminary
The Biden-era rule would have drastically expanded tax reporting requirements for digital asset transactions. President Donald Trump on Thursday signed into law a resolution overturning a Biden-era rule from the IRS that expanded the definition of a broker to include decentralized cryptocurrency exchanges. Rep. Mike Carey (R-Ohio) introduced the Congressional Review Act disapproval resolution that
The government canceled your student loan. A lawyer helped negotiate a lower balance on your debt obligation. You received a generous settlement at the conclusion of a lawsuit. You paid low insurance premiums through the Health Insurance Marketplace. Good news, right? Maybe. Maybe not. Stay tuned. What was a pleasant surprise may come with an